After easing slightly the previous month, inflation continued rising in September, heightening the country’s cost-of-living crisis.
Category: Consumer Behavior
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U.K. Inflation Rises to 10.1 Percent, Driven by Food Prices
The New York Times – Business: -
Amid Inflation, Retailers Brace for Strapped Holiday Shoppers
The New York Times – Business:Retailers have navigated pandemic closures and supply chain snarls in recent years. But dealing with the fallout from inflation could be an even tougher test.
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The Week in Business: Prices Keep Climbing
The New York Times – Business:But there will be some relief for the millions of people dependent on Social Security. And a report on how much the housing market is slowing.
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JPMorgan, Citigroup and Other Big Banks See Profits Drop
The New York Times – Business:Lenders foresee economic “headwinds,” but household spending is mostly holding up, buffering profits from turmoil in financial markets.
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Inflation Was Much Hotter Than Expected, Bad News For the Fed
The New York Times – Business:Inflation rose quickly in September and a key measure accelerated to the fastest pace since 1982, underlining the persistence of price increases.
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Delta Earnings Are Solid as Airline Signals Optimism on Travel Demand
The New York Times – Business:The carrier reported a healthy profit for the third quarter after a busy summer. Competitors also seem confident despite economic turbulence.